Hometown Rentals Incorporated

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 371327815 ✦ Canton, IL ✦ Designated as a 501(c)(4)

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Overview

What is Hometown Rentals Incorporated?

Hometown Rentals Incorporated, based in Canton, Illinois, is a dedicated nonprofit organization. Their primary goal is to rehabilitate housing units, offering affordable living options for the community. By focusing on this mission, they aim to address the need for budget-friendly housing solutions within the area. The organization's activities revolve around refurbishing existing properties to make them more accessible and affordable for residents.

Is Hometown Rentals Incorporated legitimate?

Hometown Rentals Incorporated is a legitimate nonprofit organization registered as a 501(c)(4) entity. Hometown Rentals Incorporated submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $873

For more financial information, click here

What is the mission statement of Hometown Rentals Incorporated?

Hometown Rentals Incorporated is committed to rehabilitating housing units to provide affordable living options for residents. Their mission is centered around offering affordable housing solutions, aiming to make housing more accessible for individuals in need. The organization's efforts contribute to enhancing the livability of communities by providing low-cost housing options.

What is the revenue of Hometown Rentals Incorporated?

Hometown Rentals Incorporated's revenue in 2024 was $89,682.

Who are the executives of Hometown Rentals Incorporated and what are their salaries?

The average compensation at Hometown Rentals Incorporated during 2024 was $7,627.

Here are 3 key members and their salaries:


Lynda Krulac (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Damon Roberson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathy Churchill (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Hometown Rentals Incorporated?

Hometown Rentals Incorporated's most recent form 990 was submitted in 2024 and can be accessed here.

Mission Statement of Hometown Rentals Incorporated

Hometown Rentals Incorporated, as a nonprofit organization, is committed to rehabilitating housing units to provide affordable living options for residents. The mission of this organization is to offer sustainable housing solutions, aiming to make a positive impact on the community by addressing the need for affordable housing. By rehabilitating existing properties, Hometown Rentals Incorporated strives to provide low-cost housing options, ensuring that people have access to decent and affordable living spaces. The organization's mission is a testament to its dedication to improving the quality of life for individuals and families in need of affordable housing solutions.

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Impact




October, 2024

Hometown Rentals Incorporated plays a significant role in enhancing the quality of life for residents in Canton, IL, by providing low-cost housing options. By rehabilitating existing housing, the organization not only improves the overall living conditions in the area but also ensures that affordable housing is accessible to those who may otherwise struggle to find a safe and stable home.

The impact of Hometown Rentals extends beyond just physical structures; it fosters a sense of community by enabling individuals and families to secure housing without facing financial strain. This support helps stabilize neighborhoods and encourages a more vibrant, engaged community. Through its dedicated efforts, Hometown Rentals helps to alleviate housing challenges, making a lasting difference in the lives of many residents in Canton.




This information is meant to be a general summary of Hometown Rentals Incorporated. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$89,682 (2024)
Expenses
$72,663 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $674
  • Gross Receipts: $89,682

Assets and Liabilities:

  • Total Assets: $517,757
  • Total Liabilities: $13,948
  • Net Assets: $503,809

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

FCHA

Organization Details

Founding Year

1994

Principal Officer

Lynda Krulac

NTEE Category

Code: L21 - Housing

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